2015 Year End Real Estate Market Evaluation

Wheeew!! What a year we had in real estate! We saw lots of sales take place with values still holding strong and even increasing slightly throughout the year. Low interests rates and the fact that a lot of “boomerang” buyers are coming back to the market seemed to be what kept things pushing along smoothly.

As for 2016 we are not too sure what changes if any we will see in our local markets. The FED has already announced they will be increasing interests rates slightly throughout the year with the expectation of a 1 point increase 12 months from now. How will that impact us? We’ll just have to wait and see. I’m sure there will be some from of compensatory factors, but at the same time shouldn’t be too significant.

What are your predictions for next year?? Leave your comments in the comment box below.

If there are any questions you should have please feel free to leave them in the comment box below as well and I will respond promptly!